This is one of those statements that feels good when no specifics are on the table, but if it was ever implemented we’d be seeing countless HN stories complaining about how Amazon is requiring sellers to provide too much documentation or closing their accounts for suspected dealing in stolen goods or something.
Heavy handed regulation always sounds better in hypothetical perfect knowledge scenarios, but kind of sucks for everyone in the real world.
Simply trying to rent a house here in Australia requires submitting a goldmine for identity theft. ID's, bank statements, workplace statements to prove you have a job and the list goes on.
And that simply gets you an application. No guarantee of being picked.
I have zero problems with a business having to prove - to whatever degree - they are legit.
Finance institutions have a KYC thing. Maybe Amazon needs a KYTrader.
AFAIK in the US you can buy/sell a house with an anonymous LLC. It's not clear to me you would even need an ID in the process, although that may vary by state. Definitely wouldn't need the rest of the stuff, except the money.
Buying a house doesn't require much ID. Borrowing money for it probably requires KYC, but maybe not exactly ID. Selling a house usually wants a notarized signature and notaries check ID (or are supposed to).
Heavy handed regulation always sounds better in hypothetical perfect knowledge scenarios, but kind of sucks for everyone in the real world.